Truck leasing is a common and popular option among business owners. There are several financing methods available to those who are interested in leasing a van. Finance leasing is a particular type that is rapidly gaining popularity with business owners looking for a truck to rent.
What the heck is a finance lease?
Finance leasing is used as a mode of payment for companies to pay for assets such as vehicles. The company can purchase vehicles and use them during the lease period. This commercial agreement is characterized by the following:
• The company or client, the lessee in legal terms, can choose a vehicle of their choice.
• The leasing company goes out and buys that particular vehicle for the lease.
• The company takes care of and assumes responsibility for the maintenance of the vehicle.
• The business or the lessee is required to pay monthly rentals during the lease period in exchange for the asset.
In general, it is found that the monthly rent is obtained taking into account the following:
• The price of the vehicle initially less taxes such as VAT or as applicable.
• The lease period
• The residual value of the vehicle plus the applicable interest.
It should be noted that in such an agreement, the finance company retains legal ownership of the vehicle for the period of the finance lease.
A finance lease has its own advantages:
• The capital outflow remains within the means and at a minimum
• The monthly budget remains accurate and secure.
• You can also make agreements with interest rates that are fixed.
• A large part of the VAT or other applicable taxes can be recovered according to the laws of the country.
• As an option, you can also choose to replace the vehicle in the event of vehicle failure.
Why you want to opt for a Ford Transit Custom
Fuel economy is rapidly gaining ground for van manufacturers as a high-value marketing tool. As fleet operators testify, Bluemotion, Econetic, Ecoflex and other keywords that signify a new vigor in fuel economy find winners galore.
CO2 emissions have also forced the van leasing community to take a closer look at those vans among which the Ford Transit Custom DCIV is so typical.
The engine along with sophisticated state-of-the-art features that are available on the market that are distinctively superior to the fuel-saving features of other conventional trucks.
There is also no lack of new technologies, such as acceleration control, which considerably reduces fuel consumption. Tires, brakes and other components also get rid of some of the torture.
Driving in urban settings is performed with ten percent less fuel consumption in the Econetic model that features a standard start and stop. Some models also feature a switchable seventy-mile-per-hour speed limiter, a unique and innovative engine calibration, an optimized gearbox that has a six percent longer final drive ratio, and the like.
However, Transit’s Econetic has struck a chord with the truck leasing community that other truck manufacturers would be eager to investigate and replicate.